(Sec. 6) Requires the Administrator to include within an annual report on SBIR and STTR programs the number of proposals received from, and total amounts awarded to, HUBZone small businesses under each program.
(Sec. 7) Directs the Administrator to promulgate regulations to establish a single model agreement for use in the STTR program that allocates between small businesses and research institutions intellectual property rights and any rights to carry out follow-on research, development, or commercialization. Requires each Federal agency that adopts an STTR program to adopt such model agreement.
(Sec. 8) Revises provisions concerning the Federal and State Technology Partnership Program (a program to strengthen the technological competitiveness of small businesses) to require the Administrator and the SBIR Program managers to consider whether an SBIR Program proposal addresses the needs of small businesses owned and controlled by women and minorities located in areas not participating in SBIR and STTR programs. Requires the Administrator to promulgate regulations establishing standards for the consideration of such proposals.